JNBA Financial Advisors Increases Position in The Home Depot, Inc. $HD

JNBA Financial Advisors increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,524 shares of the home improvement retailer’s stock after buying an additional 30 shares during the quarter. JNBA Financial Advisors’ holdings in Home Depot were worth $559,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the second quarter valued at $28,000. Abound Financial LLC acquired a new position in Home Depot during the first quarter valued at $31,000. Iron Horse Wealth Management LLC lifted its position in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new position in Home Depot during the second quarter valued at $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot during the second quarter valued at $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares of the company’s stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research began coverage on shares of Home Depot in a research report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price for the company. Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $375.86 on Friday. The firm has a 50-day simple moving average of $403.54 and a two-hundred day simple moving average of $377.09. The company has a market cap of $374.13 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.58 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s payout ratio is currently 62.50%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.